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Fly News Breaks for September 14, 2018
KBH
Sep 14, 2018 | 07:35 EDT
MKM Partners analyst Megan McGrath is keeping her Neutral rating and $36 price target on KB Home ahead of its earnings on September 25th, saying she expects EPS of 75c - below consensus 77c - to reflect the weak macro housing data over the summer. The analyst also forecasts a 5.7% order growth for the quarter with some downside risk as well as a 9% decline in community count and mid-teen absorption pace growth, adding that she will also monitor the company's gross margins and look for any insight into FY19 expectations.
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